MannKind Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $349.0M | $285.5M | $199.0M | $99.8M | $75.4M | $65.1M | $63.0M | $27.9M |
| Cost of Revenue | $26.8M | $17.4M | $20.9M | $16.0M | $16.8M | $15.1M | $20.1M | $19.4M |
| Gross Profit | $322.2M | $268.1M | $178.1M | $83.8M | $58.6M | $50.1M | $43.0M | $8.5M |
| Gross Margin | 92.3% | 93.9% | 89.5% | 84.0% | 77.7% | 76.8% | 68.1% | 30.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $144.1M | $94.3M | $94.3M | $91.5M | $77.4M | $59.0M | $74.7M | $79.7M |
| Operating Income | $38.8M | $72.6M | $8.7M | $-64.1M | $-47.0M | $-47.9M | $-44.6M | $-76.6M |
| Operating Margin | 11.1% | 25.4% | 4.4% | -64.3% | -62.3% | -73.5% | -70.7% | -274.9% |
| Interest Expense | — | — | $15.2M | $15.0M | $15.2M | $9.5M | $6.3M | $5.1M |
| Pretax Income | $1.4M | $30.5M | $-10.4M | $-87.4M | $-80.9M | $-57.5M | $-51.9M | $-86.7M |
| Income Tax Expense | $-4.5M | $2.9M | $1.6M | $0 | $0 | $-218.0K | $0 | $240.0K |
| Net Income | $5.9M | $27.6M | $-11.9M | $-87.4M | $-80.9M | $-57.2M | $-51.9M | $-87.0M |
| Net Margin | 1.7% | 9.7% | -6.0% | -87.6% | -107.3% | -87.9% | -82.3% | -312.2% |
| EPS (Basic) | $0.02 | $0.10 | $-0.04 | $-0.34 | $-0.32 | $-0.26 | $-0.27 | $-0.60 |
| EPS (Diluted) | $0.02 | $0.10 | $-0.04 | $-0.34 | $-0.32 | $-0.26 | $-0.27 | $-0.60 |
| Shares Outstanding (Basic) | 305.6M | 274.4M | 267.0M | 257.1M | 249.2M | 222.6M | 211.8M | 144.1M |
| Shares Outstanding (Diluted) | 314.1M | 283.8M | 267.0M | 257.1M | 249.2M | 222.6M | 211.8M | 144.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |